Manulife Investment Management has unveiled an enhanced distribution retirement series featuring two income sources in Hong Kong.
The Manulife Global Fund Enhanced Distribution retirement investment series - R share class offers monthly dividends, and an additional distribution yield based on its portfolio gain, the company said in a statement.
The company's enhanced distribution retirement investment series is "an investment-led offering that combines different investment risk levels to give investors in various stages of life a flexible and adequate way of managing their finances," Bruno Lee, Manulife Investment's regional head of retail wealth distribution, said.
The new share class aims to provide investors with a stable source of retirement income.
Manulife Investment Management is the investment arm of Canadian insurer Manulife Financial Corporation. The Toronto-based company had $409bn of assets under management as of December 2019.